Majesco Life IllustratePlus Capabilities
Cloud-based deployment for reduced infrastructure costs and shorter implementation
Frontend products and documentation preconfigured to support multi company-structures
Online illustrations and quotations enabling customers to make purchases quickly
Open and Modern
Easy integration for a more efficient and cost-effective way to engage with multiple distribution channels
Flexible, scalable illustrations and quotations
New business illustrations
- Online underwriting and straight-through processing to back office
- SaaS (Software as a Service) – subscription-based licence model with option of cloud-based deployments which provides cost savings, flexibility and regulatory compliance.
- Lower total cost of ownership – subscription based pricing.
- Straight through processing – the provision of all input and calculated data to the back-office administration platform removing manual re-keying of data.
Existing business illustrations
- “What-if” scenario analysis, annual statements, reviews and valuations, alterations and online transactions and services
- Speed to market – launch new tested and branded products in 24-48 hours, without IT involvement.
- Improved service through online illustrations, straight through processing and calculations and faster turnaround times on quotations, alterations and new products.
- Underwriting – automation of underwriting processes and capability to capture underwriting decisions and track cases.
- Independent product-launch capability with product, premium, benefit and fund validations.
- Multi-currency, multi-jurisdiction, and multi-language.
- Significant cost reduction:
– No large upfront licence fees
– One single solution
– Minimisation of involvement of IT
– Ease of implementation and integration through modern SOA technology
- Extensive illustrations capability and more sophisticated illustrations across complex scenarios and products.
Delivery and Consulting Services for LifePlus Solutions
Achieve faster implementation success and transform your business
Meet our customers who own the future of individual insurance
As the leading insurer in Ireland, we needed a best of breed approach to our illustrations and we found that in the strength of the IllustratePlus solution. Through implementing Life IllustratePlus and using its processing capability, we can provide an even higher quality of service to our customers.
We took the decision to seek out a replacement illustration capability as our current system was constraining our ability to innovate and to launch new products to a rapidly changing market. With Life IllustratePlus, we now have a system which removes these concerns and supports future planned business growth.
Life IllustratePlus has become an integral part of the UISL offering creating a complete policy administration solution, enabling us to drive our business forward in today’s competitive market and allowing us to scale new levels of efficiency, cost reduction, and customer service. The new licensing arrangement is proof of the success of the existing relationship, the quality of Life IllustratePlus.1
Life IllustratePlus Resources
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